Review of Environmental Markets: Equity and Efficiency by Graciela Chichilnisky and Geoffrey Heal

Volume 7, No. 2 (Summer 2004)

Let us begin our analysis by making the distinction between free markets in their pure, laissez faire or capitalist dimension, on the one hand, and market socialism on the other. Markets for the libertarian are at the very core of this philosophical perspective. Free markets are based upon legitimately owned private property (Hoppe 1989, 1993; Rothbard 1978, 1982). To conclude. I don’t mind it, so much, that a bunch of socialists have proposed some new convoluted environmental schemes. But I do mind it, very much, that in this effort they would choose to march under the banners of private property, economic freedom, and free markets. They must be exposed for the central planners they are, and cannot be allowed to get away with what is, in effect, fraudulent advertising.